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Category Archives: Financial System

New book – It’s not that economists didn’t see a crash coming – they just didn’t see the crash that happened

The Prospect August 2018 issue – review by Duncan Weldon – How economists predicted the wrong financial crisis. “As the 10th anniversary of the fall of Lehman Brothers approaches, many books on the financial crisis will be published. Few are likely to match Adam Tooze’s Crashed in scope, ambition or rigour. This is truly contemporary… Continue Reading

FOIA request for Interior Department emails and sale of US national heritage sites reveals clear and present danger

Washington Post: “In a quest to shrink national monuments last year, senior Interior Department officials dismissed evidence that these public sites boosted tourism and spurred archaeological discoveries, according to documents the department released this month and retracted a day later. The thousands of pages of email correspondence chart how Interior Secretary Ryan Zinke and his… Continue Reading

2018 Global Slavery Index

“The 2018 Global Slavery Index provides a country by country ranking of the number of people in modern slavery, as well as an analysis of the actions governments are taking to respond, and the factors that make people vulnerable. This year, so that we might better understand the problem, we have also included an analysis… Continue Reading

Fortune’s 2018 Global 500

Global 500 / Search and Explore The 500 -“The world’s 500 largest companies generated $30 trillion in revenues and $1.9 trillion in profits in 2017. Together, this year’s Fortune Global 500 companies employ 67.7 million people worldwide and are represented by 33 countries. InteractiveVisualize – “The Global 500 Each year a whole host of factors… Continue Reading

CRS – Private Activity Bonds: An Introduction

EveryCRSReport.com – Private Activity Bonds: An Introduction June 9, 2006 – July 13, 2018 “The federal tax code classifies state and local bonds as either governmental bonds or private activity bonds. Governmental bonds are intended for governmental projects, and private activity bonds are for projects that primarily benefit private entities. Typically, the interest earned by… Continue Reading

American Democracy in Crisis: The Challenges of Voter Knowledge, Participation, and Polarization

American Democracy in Crisis: The Challenges of Voter Knowledge, Participation, and Polarization – PPRI – Alex Vandermaas-Peeler, Daniel Cox, PhD, Molly Fisch-Friedman, Rob Griffin, PhD, Robert P. Jones, PhD, 07.17.2018 State of the Country – The Direction of the Country – “Despite a strong economy, Americans remain relatively pessimistic in their outlook on the direction… Continue Reading

IMF – The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat

IMF: “Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced. In our latest World Economic Outlook Update, we continue to project global growth rates of just about 3.9 percent for both this year and next, but judge that the risk of worse… Continue Reading

Updating Government Auditing Standards – The 2018 Yellow Book

GAO WatchBlog: “Today we issued a new revision of the Generally Accepted Government Auditing Standards, also known as the “Yellow Book,” which supersedes the 2011 revision of the standards. What kind of training and experience make a competent auditor? How is audit quality control to be maintained? How can an auditor tell if he or… Continue Reading

‘AI To Create More Legal Jobs Than Losses’ – Landmark PwC Report

Artificial Lawyer: “AI will create more jobs than it displaces by boosting economic growth, and in particular more legal jobs will be created than lost in the long run, says a major report by Big Four firm, PwC. The study was focused on the UK, which is a useful standard model to compare to other large,… Continue Reading

Bloomberg – Jeff Bezos is now the Richest Man in Modern History

Bloomberg News – “Jeff Bezos is the richest person in modern history. The Amazon.com Inc. founder’s net worth cracked $150 billion in New York on Monday, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person. Bezos, 54, also has topped Gates in inflation-adjusted… Continue Reading

Mueller asks court for 100 more blank subpoenas ahead of Manafort trial

The Hill: “Special counsel Robert Mueller is asking a federal court in Virginia for 100 blank subpoenas in the case against former Trump campaign chairman Paul Manafort.  The request was made in a filing on Wednesday. The subpoenas would require their recipients to testify in the U.S. District Court in Alexandria on July 25, when… Continue Reading

The Watchdogs After Forty Years: Recommendations for Our Nation’s Federal Inspectors General

POGO: “Forty years ago, the U.S. Congress enacted the Inspector General Act of 1978. This landmark law established a greater stature for government oversight by our federal watchdogs. Congress granted the government agency inspectors general (IGs) new authorities. The new law promised more powerful, independent, and effective oversight than under previous law. Federal IGs have… Continue Reading